Second Half Financial Partners LLC Sells 176 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Second Half Financial Partners LLC reduced its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 0.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 21,127 shares of the financial services provider’s stock after selling 176 shares during the quarter. JPMorgan Chase & Co. makes up approximately 1.8% of Second Half Financial Partners LLC’s investment portfolio, making the stock its 14th largest position. Second Half Financial Partners LLC’s holdings in JPMorgan Chase & Co. were worth $3,594,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the stock. Stone House Investment Management LLC raised its position in JPMorgan Chase & Co. by 132.8% during the 4th quarter. Stone House Investment Management LLC now owns 156 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 89 shares in the last quarter. Bare Financial Services Inc purchased a new position in shares of JPMorgan Chase & Co. during the fourth quarter valued at $35,000. Partnership Wealth Management LLC bought a new stake in shares of JPMorgan Chase & Co. in the fourth quarter valued at about $36,000. Briaud Financial Planning Inc purchased a new stake in JPMorgan Chase & Co. in the third quarter worth about $40,000. Finally, Stuart Chaussee & Associates Inc. bought a new position in JPMorgan Chase & Co. during the 4th quarter worth about $40,000. 71.55% of the stock is currently owned by institutional investors.

JPMorgan Chase & Co. Trading Up 1.1 %

NYSE:JPM opened at $204.79 on Friday. The company has a market capitalization of $588.09 billion, a P/E ratio of 12.37, a PEG ratio of 2.52 and a beta of 1.13. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.29. JPMorgan Chase & Co. has a 12 month low of $134.40 and a 12 month high of $205.05. The firm has a fifty day simple moving average of $193.84 and a 200-day simple moving average of $176.33.

JPMorgan Chase & Co. (NYSE:JPMGet Free Report) last issued its earnings results on Friday, April 12th. The financial services provider reported $4.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.18 by $0.45. The company had revenue of $41.93 billion during the quarter, compared to analyst estimates of $40.90 billion. JPMorgan Chase & Co. had a return on equity of 17.79% and a net margin of 20.05%. On average, equities research analysts anticipate that JPMorgan Chase & Co. will post 16.22 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Friday, April 5th were issued a dividend of $1.15 per share. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. The ex-dividend date was Thursday, April 4th. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.25%. JPMorgan Chase & Co.’s payout ratio is 27.78%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. UBS Group reduced their price target on shares of JPMorgan Chase & Co. from $226.00 to $219.00 and set a “buy” rating for the company in a report on Tuesday, April 16th. Royal Bank of Canada reissued an “outperform” rating and issued a $185.00 price objective on shares of JPMorgan Chase & Co. in a research note on Wednesday, March 20th. Jefferies Financial Group upped their target price on JPMorgan Chase & Co. from $202.00 to $228.00 and gave the stock a “buy” rating in a report on Monday, April 8th. Piper Sandler cut their price target on JPMorgan Chase & Co. from $220.00 to $215.00 and set an “overweight” rating on the stock in a report on Monday, April 15th. Finally, The Goldman Sachs Group restated a “buy” rating on shares of JPMorgan Chase & Co. in a research note on Thursday, February 1st. Eight investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $192.05.

View Our Latest Report on JPM

Insider Activity at JPMorgan Chase & Co.

In other news, CEO James Dimon sold 821,778 shares of the stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $182.73, for a total value of $150,163,493.94. Following the sale, the chief executive officer now owns 595,316 shares in the company, valued at $108,782,092.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO James Dimon sold 821,778 shares of the business’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $182.73, for a total value of $150,163,493.94. Following the completion of the transaction, the chief executive officer now owns 595,316 shares of the company’s stock, valued at approximately $108,782,092.68. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Marianne Lake sold 11,734 shares of the company’s stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of $200.02, for a total value of $2,347,034.68. Following the completion of the sale, the chief executive officer now owns 122,740 shares in the company, valued at approximately $24,550,454.80. The disclosure for this sale can be found here. Insiders have sold a total of 1,071,414 shares of company stock worth $196,746,504 over the last quarter. Insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Profile

(Free Report)

JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers deposit, investment and lending products, cash management, and payments and services; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services to consumers and small businesses through bank branches, ATMs, and digital and telephone banking.

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Institutional Ownership by Quarter for JPMorgan Chase & Co. (NYSE:JPM)

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